Boosting Growth and Reducing Informality in Mexico:
Mexico has embarked on a bold package of structural reforms that will help it to break away from three decades of slow growth and low productivity. Major structural measures have been legislated to improve competition, education, energy, the financial sector, labour, infrastructure and the tax syste...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2015
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1188 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Mexico has embarked on a bold package of structural reforms that will help it to break away from three decades of slow growth and low productivity. Major structural measures have been legislated to improve competition, education, energy, the financial sector, labour, infrastructure and the tax system, among many, and implementation has started in earnest. If fully implemented, these reforms could increase annual trend per capita GDP growth by as much as one percentage point over the next ten years, with the energy reforms having the most front-loaded effects. Beyond this, a second wave could go further to tackle other structural bottlenecks. These challenges include reducing stringent regulation - particularly at the local level - and addressing corruption and weak enforcement of legal rights. The justice system is often slow and inefficient. And in the agricultural sector, strict land use restrictions and the structure of subsidies promote inefficiency. Moving even closer towards OECD best practices could increase potential growth by another percentage point annually. |
| Beschreibung: | 1 Online-Ressource (44 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5js4w28dnn28-en |
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| spelling | Dougherty, Sean VerfasserIn aut Boosting Growth and Reducing Informality in Mexico Sean, Dougherty = Stimuler la croissance et réduire l'informalité au Mexique / Sean, Dougherty Stimuler la croissance et réduire l'informalité au Mexique Paris OECD Publishing 2015 1 Online-Ressource (44 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1188 Mexico has embarked on a bold package of structural reforms that will help it to break away from three decades of slow growth and low productivity. Major structural measures have been legislated to improve competition, education, energy, the financial sector, labour, infrastructure and the tax system, among many, and implementation has started in earnest. If fully implemented, these reforms could increase annual trend per capita GDP growth by as much as one percentage point over the next ten years, with the energy reforms having the most front-loaded effects. Beyond this, a second wave could go further to tackle other structural bottlenecks. These challenges include reducing stringent regulation - particularly at the local level - and addressing corruption and weak enforcement of legal rights. The justice system is often slow and inefficient. And in the agricultural sector, strict land use restrictions and the structure of subsidies promote inefficiency. Moving even closer towards OECD best practices could increase potential growth by another percentage point annually. Economics Mexico FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5js4w28dnn28-en Volltext |
| spellingShingle | Dougherty, Sean Boosting Growth and Reducing Informality in Mexico Economics Mexico |
| title | Boosting Growth and Reducing Informality in Mexico |
| title_alt | Stimuler la croissance et réduire l'informalité au Mexique |
| title_auth | Boosting Growth and Reducing Informality in Mexico |
| title_exact_search | Boosting Growth and Reducing Informality in Mexico |
| title_full | Boosting Growth and Reducing Informality in Mexico Sean, Dougherty = Stimuler la croissance et réduire l'informalité au Mexique / Sean, Dougherty |
| title_fullStr | Boosting Growth and Reducing Informality in Mexico Sean, Dougherty = Stimuler la croissance et réduire l'informalité au Mexique / Sean, Dougherty |
| title_full_unstemmed | Boosting Growth and Reducing Informality in Mexico Sean, Dougherty = Stimuler la croissance et réduire l'informalité au Mexique / Sean, Dougherty |
| title_short | Boosting Growth and Reducing Informality in Mexico |
| title_sort | boosting growth and reducing informality in mexico |
| topic | Economics Mexico |
| topic_facet | Economics Mexico |
| url | https://doi.org/10.1787/5js4w28dnn28-en |
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